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About the N26 IBAN

This article provides you with insights about the N26 IBAN and the acceptance of your IBAN.

Applicable to:

  • All Regions

About IBAN

IBAN, the official abbreviation for International Bank Account Number, is a unique identifier of your bank account. It includes information about your bank, the country it is based in and about your account itself. Member states of the so called SEPA (single euro payment area) agreed on this system in order to simplify national as well as international payments and to facilitate the communication and processing of transactions with a reduced risk of errors.

Your N26 IBAN

When you open an N26 bank account, your funds will be securely deposited at the German Bundesbank. European law obliges member states to install a national deposit guarantee scheme that ensures a statutory protection of up to 100.000 € per person and bank in order to protect your assets in the unlikely event that a bank is confronted with economic difficulties.

At N26 you’ll receive a german IBAN which consists of: The country code (DE) - the check sum (two digits) - the bank code (8 digits) - your account number (10 digits) which looks like this: DE 12 12345678 1234567890

Acceptance of your IBAN

Your IBAN has to be accepted in all SEPA countries according to EU law. However, we have learned that some merchants or employers in Germany as well as abroad do not accept IBANs from other member countries, for example to install a direct debit.

Those who have pushed back on accepting a foreign IBAN don’t do this because of bad intentions. They might, rather, simply be misinformed. Because not accepting a foreign IBAN is actually a violation of European law (Art. 9 of Regulation No 260/2012). Merchants in the SEPA region are obliged to accept any SEPA country IBAN. So are SEPA region employers (for deposits to your salary account). An IBAN can start with DE, FR, ES, IT, or any other valid first 2 letters. So-called “IBAN discrimination” is forbidden.

Because your N26 account should give you total flexibility, wherever you might travel or move within our supported countries in the SEPA-region, we want to make sure that your IBAN will always be accepted.

Should you ever face a case of IBAN discrimination, please reach out to our Customer Support Team and we will be happy to help you by contacting the merchant or, if necessary, the competent local authority. To help us do this, we would appreciate if you could provide the following information in your report:

  • Name of the merchant/employer
  • Screenshots of where your IBAN was rejected (e.g. the interface)
  • Type of the transaction (direct debit, credit transfer)
  • Any other information you consider as helpful for us

If you prefer taking care of this on your own, we encourage you to directly contact your competent national authority to report any case of IBAN discrimination.

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